₹ 14400
₹850- ₹900
16
₹1299
44
21 Aug 2024
Download23 Aug 2024
26 Aug 2024
Application Details
Interarch Building Products is launching its IPO, set to open on August 19, 2024, and close on August 21, 2024. The company has priced its shares with a face value of ₹10 each, within a price band of ₹850 to ₹900 per share. Investors can apply for a minimum lot size of 16 shares, with a total issue size of 6,669,852 shares, aggregating up to ₹600.29 crore. The IPO consists of a fresh issue of 2,222,222 shares, amounting to ₹200 crore, and an offer for sale (OFS) of 4,447,630 shares, totaling ₹400.29 crore. Additionally, employees are entitled to a discount of ₹85 per share.
The IPO allotment process will follow a specific timetable. It will open on Monday, August 19, 2024, and close on Wednesday, August 21, 2024. The basis of allotment will be finalized on Thursday, August 22, 2024, with refunds initiated on Friday, August 23, 2024. The shares are expected to be credited to investors' Demat accounts on the same day. Finally, the listing of the shares is scheduled for Monday, August 26, 2024.
For retail investors, the minimum application requires one lot of 16 shares, amounting to ₹14,400, while the maximum application is capped at 13 lots (208 shares), requiring an investment of ₹1,87,200.
About Interarch Building Products Limited
Company Overview
Interarch Building Products Ltd was originally incorporated as Luxalon Building Products Pvt. Ltd in New Delhi on November 30, 1983. The company underwent a name change to Interarch Building Products Pvt. Ltd in January 1985 and later to Interarch Building Products Ltd in October 2023. It is one of India's leading turnkey pre-engineered steel construction solution providers, with a robust history and established market presence.
Products and Services
Pre-Engineered Steel Buildings (PEB): Interarch offers turnkey pre-engineered steel construction solutions through two primary channels:
PEB Contracts: Complete PEBs provided on a turnkey basis, including on-site project management expertise for installation and erection.
PEB Sales: Sale of pre-engineered steel building materials such as metal ceilings, corrugated roofing, PEB steel structures, and light gauge framing systems.
Brands: The company’s product offerings include metal suspended ceiling systems under the TRAC® brand, metal roofing and cladding systems under the TRACDEK® brand, and light gauge framing systems (LGFS). The TRACDEK® brand also includes permanent metal decking over steel framing.
Manufacturing and Capacity
Interarch operates four vertically integrated manufacturing facilities that are strategically located across India. Two of these facilities are in Sriperumbudur, Tamil Nadu, while the others are in Pantnagar and Kichha, Uttarakhand. These facilities allow the company to manage production and supply across various regions efficiently. As of March 31, 2024, Interarch had an installed capacity of 141,000 metric tonnes per annum (MTPA), making it the second-largest in India’s pre-engineered steel-building industry.
To further enhance its manufacturing capabilities, the company plans to set up additional facilities in Andhra Pradesh and Gujarat. The Andhra Pradesh facility is particularly noteworthy, as it will be developed in two phases, adding an extra 40,000 MTPA to the company’s total production capacity. This expansion will enable Interarch to meet growing demand and reinforce its position as a leader in the industry.
Market Position
In the financial year 2024, Interarch held a 6.5% market share in India's pre-engineered steel building industry in terms of operating income, up from 6.1% in FY2023. The company was ranked third in operating revenue from the PEB business among integrated players in India.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.